370x4gzec computing power
Publish: 2021-04-24 18:52:05
1. In fact, the problem is very simple. The building owner copies the network. You should pay attention to one sentence and remember it
the exchange rate is the ratio of the local currency to the foreign currency. If you study finance, you must know
there are two pricing methods for exchange rate: direct pricing method and indirect pricing method
the direct pricing method is expressed by the amount of local currency that can be exchanged for one unit of foreign currency. For example, the exchange rate of RMB to us dollar is generally expressed by the direct pricing method, 1 US dollar = 6.312310 yuan. Indirect pricing method is expressed by the amount of foreign currency that can be exchanged for one unit of local currency
so if there is a difference, it is the difference as above.
the exchange rate is the ratio of the local currency to the foreign currency. If you study finance, you must know
there are two pricing methods for exchange rate: direct pricing method and indirect pricing method
the direct pricing method is expressed by the amount of local currency that can be exchanged for one unit of foreign currency. For example, the exchange rate of RMB to us dollar is generally expressed by the direct pricing method, 1 US dollar = 6.312310 yuan. Indirect pricing method is expressed by the amount of foreign currency that can be exchanged for one unit of local currency
so if there is a difference, it is the difference as above.
2. Look, if it's sent out in the branch office, it will be sent out in two days
3. They have contact information, you call to ask, generally they don't let.
4. The exchange rate of the statistical period is the average value.
the exchange rate is also called "foreign exchange market or exchange rate". The ratio of one currency to another is the price of another currency expressed in one currency. Due to the different names and values of currencies in the world, the exchange rate of one country's currency to that of other countries should be set
exchange rate is the price comparison between two different currencies. According to the evolution of the international monetary system, there are fixed exchange rate and floating exchange rate. It refers to the exchange rate set and announced by the government and can only fluctuate within a certain range< (2) floating exchange rate. It refers to the exchange rate determined by market supply and demand. In principle, a country's currency market has no obligation to maintain the exchange rate level, but it can intervene when necessary< (2) according to the method of setting exchange rate, there are basic exchange rate and arbitrage exchange rate. Each country must choose a certain currency as the main object of comparison when setting the exchange rate, which is called the key currency. According to the comparison between the real value of domestic currency and key currency, the exchange rate is worked out, which is the basic exchange rate. Generally, the US dollar is the most commonly used currency in international payment. All countries regard the US dollar as the main currency to set the exchange rate, and often regard the exchange rate against the US dollar as the basic exchange rate< (2) arbitrage exchange rate. It refers to the exchange rate calculated by countries according to the basic exchange rate against the US dollar, which directly reflects the value ratio between other currencies< (3) according to the angle of foreign exchange trading, there are buying exchange rate, selling exchange rate, intermediate exchange rate and cash exchange rate. Also known as the buying price, that is, the exchange rate used by banks to buy foreign exchange from their peers or customers. When the direct pricing method is adopted, the exchange rate with less foreign currency converted into local currency is the purchase price, while when the indirect pricing method is adopted, the opposite is true< (2) selling rate. Also known as the selling price, that is, the exchange rate used by banks to sell foreign exchange to their peers or customers. When the direct pricing method is adopted, the exchange rate with more foreign currency converted into local currency is the selling price, while when the indirect pricing method is adopted, the time is opposite
there is a price difference between buying and selling. This price difference is the bank's income from buying and selling foreign exchange, which is generally 1% - 5%. The buying and selling rates used by banks in foreign exchange trading are also called inter-bank buying and selling rates, which are actually the buying and selling prices in the foreign exchange market< (3) intermediate exchange rate. It's the average of the bid price and the offer price. The central exchange rate is often used in the news of exchange rate in the Western Ming Dynasty, and the arbitrage rate is also calculated by the central exchange rate of the relevant currency< (4) cash exchange rate. Generally speaking, countries do not allow foreign currency to circulate in their own countries. Only by converting foreign currency into domestic currency can they buy their own goods and services. Therefore, the exchange rate of buying and selling foreign currency notes, that is, the exchange rate of foreign currency notes, is proced. It is reasonable that the exchange rate of cash should be the same as that of foreign exchange. However, e to the need to transport foreign currency cash to various issuing countries, it costs a certain amount of freight and insurance to transport foreign currency cash. Therefore, the exchange rate of banks when receiving foreign currency cash is usually lower than the foreign exchange purchase rate< (4) according to the way of bank foreign exchange payment, there are telegraphic transfer rate, mail transfer rate and bill exchange rate. The telegraphic transfer rate is a kind of exchange rate used by a domestic bank in foreign exchange business to entrust its foreign branch or agent bank to pay the payee by telegram after selling foreign exchange. Because the telegraphic transfer payment is fast, the bank can not occupy the customer's capital position, at the same time, the International Telegraph cost is higher, so the telegraphic transfer exchange rate is higher than the general exchange rate. However, the rapid transfer of funds by telegraphic transfer is concive to accelerating the turnover of international funds, so telegraphic transfer accounts for an overwhelming proportion in foreign exchange transactions
2. The exchange rate of mail transfer is a kind of exchange rate used by the bank to issue the payment entrustment letter and send it to the payee of the bank in the place of payment by letter through the post office. Because it takes a certain time for the letter of payment to be sent by post, the bank can occupy the customer's funds ring this period, so the exchange rate of mail transfer is lower than that of wire transfer< (3) exchange rate. The exchange rate of bill exchange refers to the exchange rate used by a bank when it sells foreign exchange and issues a bill of exchange paid by its foreign branch or agent bank to the remitter, who brings or sends it abroad for withdrawal. Because there is an interval between the selling of foreign exchange and the payment of foreign exchange, banks can occupy the position of customers ring this period, so the exchange rate of bill exchange is generally lower than that of telegraphic transfer. There are short-term and long-term bill exchange, and their exchange rates are also different. Because banks can use customers' funds for a longer time, the long-term exchange rate is lower than the short-term exchange rate< (5) according to the delivery period of foreign exchange transactions, there are spot exchange rate and forward exchange rate. It is also called spot exchange rate, which refers to the exchange rate for delivery on the day of transaction or within two days< (2) forward exchange rate. Forward exchange rate is the exchange rate that the buyer and the seller sign a contract and reach an agreement in advance for delivery in a certain period of time in the future. By the delivery date, the two parties will clear the money according to the exchange rate and amount. Forward foreign exchange trading is a kind of booking transaction, which is caused by the different time that foreign exchange buyers need for foreign exchange funds, and in order to avoid the risk of foreign exchange rate changes. There is a difference between the forward exchange rate and the spot exchange rate. This difference is called forward price difference. There are three situations: premium, discount and parity. Premium means that the forward exchange rate is higher than the spot exchange rate, discount means that the forward exchange rate is lower than the spot exchange rate, and parity means that the two are equal< (6) there are official exchange rate and market exchange rate according to the distinction of foreign exchange management. It refers to the exchange rate published by a state institution (Ministry of finance, central bank or foreign exchange administration). The official exchange rate can be divided into single exchange rate and multiple exchange rate. Multiple exchange rate is a special form of foreign exchange control, which is more than one foreign exchange rate set by a government for its own currency. Its purpose is to encourage exports, restrict imports, and limit the inflow or outflow of capital, so as to improve the balance of payments< (2) market exchange rate. It refers to the actual exchange rate of foreign exchange traded in the free foreign exchange market. In countries with loose foreign exchange management, the officially announced exchange rate often only acts as the central exchange rate, while the actual foreign exchange transactions are concted according to the market exchange rate< (7) according to the business hours of banks, there are opening exchange rate and closing exchange rate. It is also called the opening price. It is the exchange rate used by foreign exchange banks for foreign exchange trading at the beginning of a business day< (2) closing exchange rate. Also known as the closing price, There are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to the "PAYABLE quotation")
(2) indirect quotation (refer to the "receivable quotation")
under the gold standard system, The basis of exchange rate determination is the gold point. Under the condition of paper currency circulation, the basis of exchange rate determination is purchasing power par. The factors influencing exchange rate change are as follows:
(1) balance of payments. If a country's balance of payments is in surplus, its currency exchange rate will rise; If it is a deficit, the exchange rate of the country's currency will fall< (2) inflation. If the inflation rate is high, the exchange rate of the country's currency is low< (3) interest rate. If a country's interest rate rises, the exchange rate is high< (4) economic growth rate. If a country has a high economic growth rate, its currency exchange rate is high< (5) fiscal deficit. If a country has a huge budget deficit, its currency exchange rate will fall< (6) foreign exchange reserves. If a country's foreign exchange reserves are high, its currency exchange rate will rise.
the exchange rate is also called "foreign exchange market or exchange rate". The ratio of one currency to another is the price of another currency expressed in one currency. Due to the different names and values of currencies in the world, the exchange rate of one country's currency to that of other countries should be set
exchange rate is the price comparison between two different currencies. According to the evolution of the international monetary system, there are fixed exchange rate and floating exchange rate. It refers to the exchange rate set and announced by the government and can only fluctuate within a certain range< (2) floating exchange rate. It refers to the exchange rate determined by market supply and demand. In principle, a country's currency market has no obligation to maintain the exchange rate level, but it can intervene when necessary< (2) according to the method of setting exchange rate, there are basic exchange rate and arbitrage exchange rate. Each country must choose a certain currency as the main object of comparison when setting the exchange rate, which is called the key currency. According to the comparison between the real value of domestic currency and key currency, the exchange rate is worked out, which is the basic exchange rate. Generally, the US dollar is the most commonly used currency in international payment. All countries regard the US dollar as the main currency to set the exchange rate, and often regard the exchange rate against the US dollar as the basic exchange rate< (2) arbitrage exchange rate. It refers to the exchange rate calculated by countries according to the basic exchange rate against the US dollar, which directly reflects the value ratio between other currencies< (3) according to the angle of foreign exchange trading, there are buying exchange rate, selling exchange rate, intermediate exchange rate and cash exchange rate. Also known as the buying price, that is, the exchange rate used by banks to buy foreign exchange from their peers or customers. When the direct pricing method is adopted, the exchange rate with less foreign currency converted into local currency is the purchase price, while when the indirect pricing method is adopted, the opposite is true< (2) selling rate. Also known as the selling price, that is, the exchange rate used by banks to sell foreign exchange to their peers or customers. When the direct pricing method is adopted, the exchange rate with more foreign currency converted into local currency is the selling price, while when the indirect pricing method is adopted, the time is opposite
there is a price difference between buying and selling. This price difference is the bank's income from buying and selling foreign exchange, which is generally 1% - 5%. The buying and selling rates used by banks in foreign exchange trading are also called inter-bank buying and selling rates, which are actually the buying and selling prices in the foreign exchange market< (3) intermediate exchange rate. It's the average of the bid price and the offer price. The central exchange rate is often used in the news of exchange rate in the Western Ming Dynasty, and the arbitrage rate is also calculated by the central exchange rate of the relevant currency< (4) cash exchange rate. Generally speaking, countries do not allow foreign currency to circulate in their own countries. Only by converting foreign currency into domestic currency can they buy their own goods and services. Therefore, the exchange rate of buying and selling foreign currency notes, that is, the exchange rate of foreign currency notes, is proced. It is reasonable that the exchange rate of cash should be the same as that of foreign exchange. However, e to the need to transport foreign currency cash to various issuing countries, it costs a certain amount of freight and insurance to transport foreign currency cash. Therefore, the exchange rate of banks when receiving foreign currency cash is usually lower than the foreign exchange purchase rate< (4) according to the way of bank foreign exchange payment, there are telegraphic transfer rate, mail transfer rate and bill exchange rate. The telegraphic transfer rate is a kind of exchange rate used by a domestic bank in foreign exchange business to entrust its foreign branch or agent bank to pay the payee by telegram after selling foreign exchange. Because the telegraphic transfer payment is fast, the bank can not occupy the customer's capital position, at the same time, the International Telegraph cost is higher, so the telegraphic transfer exchange rate is higher than the general exchange rate. However, the rapid transfer of funds by telegraphic transfer is concive to accelerating the turnover of international funds, so telegraphic transfer accounts for an overwhelming proportion in foreign exchange transactions
2. The exchange rate of mail transfer is a kind of exchange rate used by the bank to issue the payment entrustment letter and send it to the payee of the bank in the place of payment by letter through the post office. Because it takes a certain time for the letter of payment to be sent by post, the bank can occupy the customer's funds ring this period, so the exchange rate of mail transfer is lower than that of wire transfer< (3) exchange rate. The exchange rate of bill exchange refers to the exchange rate used by a bank when it sells foreign exchange and issues a bill of exchange paid by its foreign branch or agent bank to the remitter, who brings or sends it abroad for withdrawal. Because there is an interval between the selling of foreign exchange and the payment of foreign exchange, banks can occupy the position of customers ring this period, so the exchange rate of bill exchange is generally lower than that of telegraphic transfer. There are short-term and long-term bill exchange, and their exchange rates are also different. Because banks can use customers' funds for a longer time, the long-term exchange rate is lower than the short-term exchange rate< (5) according to the delivery period of foreign exchange transactions, there are spot exchange rate and forward exchange rate. It is also called spot exchange rate, which refers to the exchange rate for delivery on the day of transaction or within two days< (2) forward exchange rate. Forward exchange rate is the exchange rate that the buyer and the seller sign a contract and reach an agreement in advance for delivery in a certain period of time in the future. By the delivery date, the two parties will clear the money according to the exchange rate and amount. Forward foreign exchange trading is a kind of booking transaction, which is caused by the different time that foreign exchange buyers need for foreign exchange funds, and in order to avoid the risk of foreign exchange rate changes. There is a difference between the forward exchange rate and the spot exchange rate. This difference is called forward price difference. There are three situations: premium, discount and parity. Premium means that the forward exchange rate is higher than the spot exchange rate, discount means that the forward exchange rate is lower than the spot exchange rate, and parity means that the two are equal< (6) there are official exchange rate and market exchange rate according to the distinction of foreign exchange management. It refers to the exchange rate published by a state institution (Ministry of finance, central bank or foreign exchange administration). The official exchange rate can be divided into single exchange rate and multiple exchange rate. Multiple exchange rate is a special form of foreign exchange control, which is more than one foreign exchange rate set by a government for its own currency. Its purpose is to encourage exports, restrict imports, and limit the inflow or outflow of capital, so as to improve the balance of payments< (2) market exchange rate. It refers to the actual exchange rate of foreign exchange traded in the free foreign exchange market. In countries with loose foreign exchange management, the officially announced exchange rate often only acts as the central exchange rate, while the actual foreign exchange transactions are concted according to the market exchange rate< (7) according to the business hours of banks, there are opening exchange rate and closing exchange rate. It is also called the opening price. It is the exchange rate used by foreign exchange banks for foreign exchange trading at the beginning of a business day< (2) closing exchange rate. Also known as the closing price, There are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to the "PAYABLE quotation")
(2) indirect quotation (refer to the "receivable quotation")
under the gold standard system, The basis of exchange rate determination is the gold point. Under the condition of paper currency circulation, the basis of exchange rate determination is purchasing power par. The factors influencing exchange rate change are as follows:
(1) balance of payments. If a country's balance of payments is in surplus, its currency exchange rate will rise; If it is a deficit, the exchange rate of the country's currency will fall< (2) inflation. If the inflation rate is high, the exchange rate of the country's currency is low< (3) interest rate. If a country's interest rate rises, the exchange rate is high< (4) economic growth rate. If a country has a high economic growth rate, its currency exchange rate is high< (5) fiscal deficit. If a country has a huge budget deficit, its currency exchange rate will fall< (6) foreign exchange reserves. If a country's foreign exchange reserves are high, its currency exchange rate will rise.
5. Exchange rate:
foreign exchange can be traded with each other. Well, since it's a business, there is a price problem first. This involves the exchange rate of foreign exchange. The exchange rate is the price of one country's currency expressed in another country's currency, or the ratio of the two currencies when converted. For example, in the international market, one dollar can buy 8 Jin of rice, while one yuan can buy 1 jin of the same rice, so one dollar is equal to 8 yuan. How do you express the exchange rate price in the international foreign exchange market
exchange rate price expression method - bid price:
as the exchange rate of currency price, it is more complex than the price of ordinary commodities. Now, there are two main international bid price methods:
Direct bid price method: it is a method of expressing domestic currency in a unit of foreign currency. In other words, foreign currency is regarded as a commodity, while domestic currency is regarded as a measure of value. For example, one dollar equals 8.27 yuan, which is the direct pricing method for China
indirect pricing method: it calculates how many units of foreign currency should be charged based on a certain unit of domestic currency. That is to say, the domestic currency is regarded as a commodity, and the price of the domestic currency is expressed by the amount of foreign currency, which serves as a measure of value. If 1 pound equals 1.6 US dollars, for the UK, it is indirect pricing. At present, there are not many countries using indirect pricing in the world, mainly the United States, the United Kingdom, Australia and so on
but the price of foreign exchange is not so simple. When we look at the price of foreign exchange everyday, we often see the terms "buying price" and "selling price". What do they mean
when banks engaged in foreign exchange trading are engaged in foreign exchange trading, e to their different positions (sometimes the buyer and sometimes the seller), they implement different foreign exchange rates, which are divided into bid price and bid price. Under the direct pricing method, the buying price comes first and the bidding price comes second. Under the indirect pricing method, the selling price comes first and the buying price comes second In fact, no matter direct or indirect pricing, the high price must be the selling price, and the low price must be the buying price). For example, under direct pricing, 1 US dollar is equal to 8.17-8.37 yuan, 8.17 yuan is the buying price, and 8.37 yuan is the selling price. It means that when Chinese banks buy and sell US dollars, they pay RMB 8.17 for each US dollar they buy; For each dollar sold, RMB 8.37 will be recovered. For every $1, earn 0.2 RMB price difference. Under the indirect pricing method, one pound is equal to $1.50-1.70, with $1.50 as the buying price and $1.70 as the selling price
currency price changes - appreciation or depreciation:
in the stock market, we often hear such words as "my stock has gone up again" or "my stock has gone down again". In the foreign exchange market, we can also hear such words as "US dollar appreciation" or "US dollar depreciation". The reason is the same, but the difference is that the rise and fall of a certain currency is relative. For example, the appreciation of the US dollar against the Japanese yen means that the same amount of US dollars can be exchanged for more Japanese yen; On the contrary, the depreciation of the dollar against the yen means that the same amount of dollars can be exchanged for less yen
types of exchange rate:
the general knowledge of foreign exchange rate is introced above. However, in international settlement, e to different ways of recording money, different transaction time or delivery time in foreign exchange transaction, different foreign exchange rates are proced, specifically:
A. in international settlement, e to different ways of bank remittance, telegraphic exchange rate, mail exchange rate and bill exchange rate are proced
B. in a day's foreign exchange transaction, e to the different transaction time, it is divided into opening exchange rate (opening price) and closing exchange rate (closing price). As the world's foreign exchange trading has formed a 24-hour global trading network. If the opening price of a market is out of line with the closing price of the previous market, it often means that there is a sudden change in the world's politics or economy
C. in foreign exchange transactions, e to the different delivery time, the exchange rate is divided into spot exchange rate and forward exchange rate< According to the different exchange rate system, it can be divided into fixed exchange rate and floating exchange rate. In the selective reading of this chapter, we will talk about it in detail<
the main factors affecting the exchange rate:
now most countries in the world adopt floating exchange rate system, and the fluctuation of exchange rate is determined by the market. What economic principles determine the foreign exchange rate and what changes it? There are many factors that affect the exchange rate, and the analysis is very complicated because of the cross occurrence of various factors. Here we just make a simple enumeration:
A. supply and demand in the foreign exchange market are the basic factors determining the exchange rate
B. interest rate and inflation level are the most important factors to determine exchange rate< C. the economic strength of a country is also one of the factors determining the exchange rate
D, political, historical and geographical factors
E. market psychological expectation; And so on
it seems that the topic of exchange rate analysis and prediction is always the issue of great concern to investors in the foreign exchange market. Whether or not to make a correct prediction means whether the investment assets increase in value
foreign exchange can be traded with each other. Well, since it's a business, there is a price problem first. This involves the exchange rate of foreign exchange. The exchange rate is the price of one country's currency expressed in another country's currency, or the ratio of the two currencies when converted. For example, in the international market, one dollar can buy 8 Jin of rice, while one yuan can buy 1 jin of the same rice, so one dollar is equal to 8 yuan. How do you express the exchange rate price in the international foreign exchange market
exchange rate price expression method - bid price:
as the exchange rate of currency price, it is more complex than the price of ordinary commodities. Now, there are two main international bid price methods:
Direct bid price method: it is a method of expressing domestic currency in a unit of foreign currency. In other words, foreign currency is regarded as a commodity, while domestic currency is regarded as a measure of value. For example, one dollar equals 8.27 yuan, which is the direct pricing method for China
indirect pricing method: it calculates how many units of foreign currency should be charged based on a certain unit of domestic currency. That is to say, the domestic currency is regarded as a commodity, and the price of the domestic currency is expressed by the amount of foreign currency, which serves as a measure of value. If 1 pound equals 1.6 US dollars, for the UK, it is indirect pricing. At present, there are not many countries using indirect pricing in the world, mainly the United States, the United Kingdom, Australia and so on
but the price of foreign exchange is not so simple. When we look at the price of foreign exchange everyday, we often see the terms "buying price" and "selling price". What do they mean
when banks engaged in foreign exchange trading are engaged in foreign exchange trading, e to their different positions (sometimes the buyer and sometimes the seller), they implement different foreign exchange rates, which are divided into bid price and bid price. Under the direct pricing method, the buying price comes first and the bidding price comes second. Under the indirect pricing method, the selling price comes first and the buying price comes second In fact, no matter direct or indirect pricing, the high price must be the selling price, and the low price must be the buying price). For example, under direct pricing, 1 US dollar is equal to 8.17-8.37 yuan, 8.17 yuan is the buying price, and 8.37 yuan is the selling price. It means that when Chinese banks buy and sell US dollars, they pay RMB 8.17 for each US dollar they buy; For each dollar sold, RMB 8.37 will be recovered. For every $1, earn 0.2 RMB price difference. Under the indirect pricing method, one pound is equal to $1.50-1.70, with $1.50 as the buying price and $1.70 as the selling price
currency price changes - appreciation or depreciation:
in the stock market, we often hear such words as "my stock has gone up again" or "my stock has gone down again". In the foreign exchange market, we can also hear such words as "US dollar appreciation" or "US dollar depreciation". The reason is the same, but the difference is that the rise and fall of a certain currency is relative. For example, the appreciation of the US dollar against the Japanese yen means that the same amount of US dollars can be exchanged for more Japanese yen; On the contrary, the depreciation of the dollar against the yen means that the same amount of dollars can be exchanged for less yen
types of exchange rate:
the general knowledge of foreign exchange rate is introced above. However, in international settlement, e to different ways of recording money, different transaction time or delivery time in foreign exchange transaction, different foreign exchange rates are proced, specifically:
A. in international settlement, e to different ways of bank remittance, telegraphic exchange rate, mail exchange rate and bill exchange rate are proced
B. in a day's foreign exchange transaction, e to the different transaction time, it is divided into opening exchange rate (opening price) and closing exchange rate (closing price). As the world's foreign exchange trading has formed a 24-hour global trading network. If the opening price of a market is out of line with the closing price of the previous market, it often means that there is a sudden change in the world's politics or economy
C. in foreign exchange transactions, e to the different delivery time, the exchange rate is divided into spot exchange rate and forward exchange rate< According to the different exchange rate system, it can be divided into fixed exchange rate and floating exchange rate. In the selective reading of this chapter, we will talk about it in detail<
the main factors affecting the exchange rate:
now most countries in the world adopt floating exchange rate system, and the fluctuation of exchange rate is determined by the market. What economic principles determine the foreign exchange rate and what changes it? There are many factors that affect the exchange rate, and the analysis is very complicated because of the cross occurrence of various factors. Here we just make a simple enumeration:
A. supply and demand in the foreign exchange market are the basic factors determining the exchange rate
B. interest rate and inflation level are the most important factors to determine exchange rate< C. the economic strength of a country is also one of the factors determining the exchange rate
D, political, historical and geographical factors
E. market psychological expectation; And so on
it seems that the topic of exchange rate analysis and prediction is always the issue of great concern to investors in the foreign exchange market. Whether or not to make a correct prediction means whether the investment assets increase in value
6. You are from Guangdong. You can't get your B2 driver's license in Yulin. After answering, I hope it will help you. Thank you for your adoption
7. Rate is also known as "foreign exchange market or exchange rate". The ratio of one currency to another is the price of another currency expressed in one currency. Due to the different names and values of currencies in the world, the exchange rate of one country's currency to that of other countries should be set
there are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to "PAYABLE quotation")
(2) indirect quotation (refer to "receivable quotation")
under the gold standard system, the basis of exchange rate determination is the gold delivery point. Under the condition of paper currency circulation, the exchange rate is determined by the gold price, There are two kinds of exchange rates, floating exchange rate and fixed exchange rate.
the pricing of fixed exchange rate requires the central bank to have strong judgment ability, mainly according to the favorable and unfavorable balance of import and export trade, the supply of domestic currency, the level of domestic interest rate, National interests, and domestic foreign exchange reserves, The decision of floating exchange rate is mainly based on the supply and demand of the market, such as the continuous decline of the U.S. dollar.
purchasing power parity theory and interest rate parity theory are the more influential exchange rate decision theories<
the latest exchange rate of RMB today
2009-11-27 11:34:14
currency
trading unit
middle price
cash buying price
selling price
US dollar (USD)
100
682.91
681.54
676.08
684.28
Hong Kong dollar (HKD)
100
88.12
87.94
87.33
88.30
100 Euro (EUR)
100
1020.20
1016.12
983.98
1024.28
GBP
100
1120.18
1115.70
1080.41
1124.66
JPY
100
7.93
7.90
7.65
7.97
there are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to "PAYABLE quotation")
(2) indirect quotation (refer to "receivable quotation")
under the gold standard system, the basis of exchange rate determination is the gold delivery point. Under the condition of paper currency circulation, the exchange rate is determined by the gold price, There are two kinds of exchange rates, floating exchange rate and fixed exchange rate.
the pricing of fixed exchange rate requires the central bank to have strong judgment ability, mainly according to the favorable and unfavorable balance of import and export trade, the supply of domestic currency, the level of domestic interest rate, National interests, and domestic foreign exchange reserves, The decision of floating exchange rate is mainly based on the supply and demand of the market, such as the continuous decline of the U.S. dollar.
purchasing power parity theory and interest rate parity theory are the more influential exchange rate decision theories<
the latest exchange rate of RMB today
2009-11-27 11:34:14
currency
trading unit
middle price
cash buying price
selling price
US dollar (USD)
100
682.91
681.54
676.08
684.28
Hong Kong dollar (HKD)
100
88.12
87.94
87.33
88.30
100 Euro (EUR)
100
1020.20
1016.12
983.98
1024.28
GBP
100
1120.18
1115.70
1080.41
1124.66
JPY
100
7.93
7.90
7.65
7.97
8. Hello, landlord,
No.8 bus can get there, No.2 bus can get there at the Convention and Exhibition Center,
Yuntian cultural city, but you need to take No.18 bus,
Yuntian cultural city,
but I suggest you take No.2 bus less, because there may be more people going to the railway station,
thank you, I hope my answer will help you
No.8 bus can get there, No.2 bus can get there at the Convention and Exhibition Center,
Yuntian cultural city, but you need to take No.18 bus,
Yuntian cultural city,
but I suggest you take No.2 bus less, because there may be more people going to the railway station,
thank you, I hope my answer will help you
9. Take bus No.13 (8 stops) from the west of Yulin City (Development Zone Station) to dabeilukou station, transfer bus No.5 (7 stops) to the Convention and Exhibition Center Station, get off and walk 179 meters to Yulin gymnasium.
10. Exchange rate is also known as "foreign exchange market or exchange rate". The ratio of one currency to another is the price of another currency expressed in one currency. Due to the different names and values of currencies in the world, the exchange rate of one country's currency to that of other countries should be set
there are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to "PAYABLE quotation")
(2) indirect quotation (refer to "receivable quotation")
under the gold standard system, the basis for determining the exchange rate is the gold delivery point. Under the condition of paper currency circulation, the exchange rate is determined by the gold price, The basis of its decision is purchasing power par (purchasing power par)
the factors that affect the exchange rate change are:
(1) balance of payments. If a country's balance of payments is in surplus, its currency exchange rate will rise; If it is a deficit, the exchange rate of the country's currency will fall< (2) inflation. If the inflation rate is high, the exchange rate of the country's currency is low
(3) interest rate. If a country's interest rate rises, the exchange rate is high< (4) economic growth rate. If a country has a high economic growth rate, its currency exchange rate is high< (5) fiscal deficit. If a country has a huge budget deficit, its currency exchange rate will fall< (6) foreign exchange reserves. If a country's foreign exchange reserves are high, its currency exchange rate will rise.
there are two pricing methods for foreign exchange rate:
(1) direct quotation (refer to "PAYABLE quotation")
(2) indirect quotation (refer to "receivable quotation")
under the gold standard system, the basis for determining the exchange rate is the gold delivery point. Under the condition of paper currency circulation, the exchange rate is determined by the gold price, The basis of its decision is purchasing power par (purchasing power par)
the factors that affect the exchange rate change are:
(1) balance of payments. If a country's balance of payments is in surplus, its currency exchange rate will rise; If it is a deficit, the exchange rate of the country's currency will fall< (2) inflation. If the inflation rate is high, the exchange rate of the country's currency is low
(3) interest rate. If a country's interest rate rises, the exchange rate is high< (4) economic growth rate. If a country has a high economic growth rate, its currency exchange rate is high< (5) fiscal deficit. If a country has a huge budget deficit, its currency exchange rate will fall< (6) foreign exchange reserves. If a country's foreign exchange reserves are high, its currency exchange rate will rise.
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